topic Capital Gains Qualification in Investors & landlords

Capital Gains Qualification

Bennettjp — Wed, 11 Feb 2026 10:57:16 GMT

if I rent a property, but don't own it for three years, then buy it and sell it a year later do I pay capital gains?

Re: Capital Gains Qualification

Anonymous_ — Fri, 13 Dec 2024 21:50:18 GMT

Re: Capital Gains Qualification

Bennettjp — Sun, 03 Nov 2024 04:43:07 GMT

Thank you!

Re: Capital Gains Qualification

Mike9241 — Sun, 03 Nov 2024 06:39:17 GMT

taxpayers who do not meet the two-year ownership and use tests may qualify for a reduced exclusion. A reduced exclusion is available if the primary reason the taxpayer sold a main home was due to any of the following:

change in place of employment
health
unforeseen circumstances

for each of these, a safe harbor rule is available. if the safe harbor is not met, a taxpayer can still satisfy one of the above conditions based on facts and circumstances.

Re: Capital Gains Qualification

Anonymous_ — Fri, 13 Dec 2024 21:50:31 GMT